Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-05-13
PACIFIC RAILR0Ans
FuRTHKn TESTIMONY ooSeKRSISo THE
USIox PACIFIC CONSOLIDATION.

FURTHKn TEsTTMoNI CONCERNING THE
UNION PACIFIC CONSOLIDATION.
New YoRK, Nav I2.-Ths inveatiga-
ton before the Pacific Railway Com
mission epensd today with @. p. Moro
semi on the stand. he vas 9 member
Of the hFm Of w. z. Conner 4 o.,
bankers and brokers, in 1873 10 1855.
Jay Gould and bis son, George, we're
also members Of the hrm. The Wit.
ness knew nothing of the balance Of
ths 6rm. IL never asked Gould where
they Sere," said the witness, "bat Mr..
Gould testified on the stand shat be
knew nothing about them. Go1ld is q
man Of 9 feW words and did not
bother him shout t."
Commissioner Anderson asked Moro
zini: "Are y0a afraid Of Mr.. 0ouid7'
Il am not afraid Of anything. tried
in evsFv vsy In my power t1 hnd the
books bat never sould. ! kuow that
Mr.. Gould vas q large holder Of Wnion
Pacific stock which be kept In his vault.
I dent know that be made large pur-
ohasos Of Kansas Pacific stock Just
prior TO the consolidation don't re-
member thai signed the ratification
for the consolidation ss holder Of over
g. 10000 Of Kansas Pacific stock
owned no such stock. They sometimes
put stock in other peoples hands for
oenvenisnee and that might have been
the case In this matter"
when you say they whom do you
meanY"
II suppose Mr.. Go aid"
Then when yoa say them, you mean
Mr. Gouid every tims?"
"MF Geald and his friends, Who de-
sired IL. For their oonvenienos ! signed
the rasiheati0n eoause l vas told IL was
for the mutual interests Of both roads" !"
RasssIl Sage, who has been q banker
and broker for over twenty years. vas
examined as to his books, kept from
1873 to 1880, and bis clerical eDplOyea
AZ thai time. he said: 81 made my
first purchase sf stock Of the Union Pa
sifis IN 1853 or 1870, paying therefor Is
OF q ceota. bon9At about 100 shares
wAs requested 10 serve a. Q direstor
OF the road because | vas lasRe share
holasr" Sage prodHced 3 record Of kis
dealings IN Kansas Pacific stock and
b-nds from July. 1873. to February,
1880, and pFocnised similar record With
references ts st. Joseph 4 Western. He
knsw Of the Sc. Louis pool in 1873 and
was interested 10 it 20 the extent Of
s30o 900. II did this." be said. 10 in
crease the value % Missoarf Pacific
securities. think that ] had no per-
sonal interest IN the securities which
were EXCHANGED fF the s3.400.000 con-
solidatsd bonds. don't Fsmsmbeg who
owned these secnrities, but think thai
Gould was interested IN thsm-"
Nathan Mills. 6gxernme1t Direotor
Of the UGion Pacihs for tae year 1873.
swoge that be co1Aidsred the ssnsolida-
ten Of benedt 70 the UniOu Psetfs. he
knew nothing Of 81 arrangenent BY
shish Jay Goald vas 70 take consoli-
datsd bon. IN retarn for other secafi
ties. ''Ou snblscts where ! WAs withoat
information relied strongly 90 the al
vies - nv associate. Gsofgs B. Su the,
Of Dos n sinea- In the matter % ny
aesisu regarding tbs consoisdation,
rsmemser having had no eonversation
sith references - shs matter sass With
the G5xaFnmsnt Dirsstora. TIE Gsv-
ernmsnt DirsCtsrs hsd . separate organ
xasieH Of waieh Wss Chairman Mr..
Snythe k=pt the Hin1tes Of the pro
sssdinRs % n0t knou where they
ara nov.
kly WsFk by the chlnese.
sAM FnAxcIsoo. Nay i2-Oa ASril
ssth signa ChiuAnsn. heid tor exAmina'